Libertex will launch Uber right after the IPO on 10th of May 2019. Libertex users will be able to trade Uber CFDs starting from 14h of May 2019.
Uber became the third “unicorn company” after Lyft and Pinterest that held an IPO within the last few months. It was valued at 80-91 bln USD, which is high above its rival - Lyft that was valued at 24 bln USD. Uber shares were priced at 44.00-50.00 USD per share during the roadshow.
As Lyft fell by nearly 20% just right after the IPO, one can expect that Uber shares will perform similarly. This insight gives traders who use short-term strategies an opportunity to sell Uber. Those who believe that Uber investments in business diversification, Uber-eats, scooters-delivery, autonomous driving and overall growth of “sharing-economy” will result in long-term positive shares dynamics can use the “buy and hold” strategy.
Libertex is an international brand with a twenty year history in the financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 200 commercial instruments. In 2016, Libertex was recognized by the Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018, Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards.